Wallace State Bank (Wallace, SD)

Episode Information

Episode Type
Suspension → Closure
Start Date
August 1, 1931*
Location
Wallace, South Dakota (45.086, -97.476)
Bank Type
state
Routing Number
78-0762

Metadata

Episode ID
Bank ID
City ID
461258809
Model
gpt-5-mini
Short Digest

Notes

Articles report the bank was closed by the state department and later paying dividends to creditors.

Events (2)
1. August 1, 1931* Suspension
Cause
Government Action
Cause Details
Suspended/closed by the state banking department in August 1931.
Newspaper Excerpt
the closed Wallace State Bank of Codington county ... The bank suspendAug. 1931.
Source
newspapers
2. March 1, 1932 Other
Newspaper Excerpt
PAY DIVIDEND PIERRE March first dividend of ... being paid creditors the closed Wallace State bank Wallace, Codington county, the state banking departreported today.
Source
newspapers

Newspaper Articles (2)
1. March 8, 1932 The Daily Plainsman Huron, SD

Article Text

PAY DIVIDEND PIERRE March first dividend of per cent amounting to about being paid creditors the closWallace State bank Wallace, Codington county, the state banking departreported today. The bank suspendAug.

2. March 8, 1932 Rapid City Journal Rapid City, SD

Article Text

PAY DIVIDEND dividend of 10 per cent, amounting to about being itors of the closed Wallace State Bank of Codington counthe state department reported The bank suspendAug. 1931.